Southport Lane, a New York City-based private equity firm, announced completion of its acquisition of Louisiana-based Imperial Management Corporation along with its largest subsidiary, Imperial Fire & Casualty, in an all-cash transaction. Additional terms of the transaction were not disclosed.
Imperial Fire & Casualty providers personal auto, commercial auto, personal property and flood policies.
Imperial Fire & Casualty has been led by H. Marcus Carter, Jr., president and CEO, and John Emmett Brignac Jr. (JE), chairman, of Imperial Management Corporation, both of whom will continue to serve as directors.
The Imperial Fire & Casualty deal follows the acquisition of Dallas National Insurance Company, a Delaware-based property and casualty insurer specializing in general liability and workers’ compensation.
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